METRO VANCOUVER - Buyers are in control of Lower Mainland housing markets, but they're in no hurry to make decisions, August statistics released Thursday by the region's real estate boards show.

August saw another month where sales cleared through the realtor-controlled Multiple Listing Service were dramatically down from the blistering pace of 2009 and benchmark average prices that ...

Bank of Montreal has chopped its benchmark five-year mortgage rate, aggressively throwing its weight behind what many are calling an increasingly wobbly housing market.

"It's a great time to buy a home," Martin Nel, a senior BMO official, said in news release announcing the change. He added that people who take advantage of the offer will benefit.

"If ever there was a time to buy, ...

VANCOUVER - Canada Mortgage and Housing Corp. forecasts that Metro Vancouver housing markets will slow more than it initially expected owing to the rush of pre-HST sales and expectations that mortgage rates will rise, a report released today indicates.

Canada Mortgage and Housing predicts that Metro Vancouver will see 34,000 sales in the region's home-resale market by the end of ...

What drives Vancouver's house prices so relentlessly to levels four times higher than Winnipeg's, and more than half again what Torontonians pay?

It's simple, says Tsur Somerville of UBC Centre for Urban Economics and Real Estate.

"If you want Winnipeg-level house prices here, all you have to do is tear down the mountains and fill in the ocean."

Well, that puts slow or stop to t ...